BY FROMA HARROP Americans who shopped till they dropped have stopped. Per capita consumption is down for two straight years, according to Booz & Company’s new study of U.S. spending behavior. That hasn’t happened since the Great Depression. The consulting firm asks the big question: Has this recession changed American spending habits in lasting ways? And it answers: Looks that way. Discretionary spending has fallen in every income group, and the lower the income, the […]
The Terrified American Shopper
on